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To be eligible, you’ll have to work more than 16 hours and week and earn less the £100,000.

This means parents who work two days a week or under are not eligible - although it looks like they will still receive the 15 hours free childcare that is currently available for three and four-year-olds.

Child tax credit won’t be available for more than two children

Last year, Chancellor George Osbourne announced that families will no longer be able to receive financial help for more than two children.

If you already claim child tax credits for three or more kids, you’ll still be able to claim, but anyone who has a third child on or after April 6 2017 won’t get any more money to account for the extra child.

You might find it easier to get an apprenticeship

A new levy on big businesses to fund three million apprenticeships will come into force in April.

The new tax will raise £3bn a year from businesses with a salary bill of more than £3m a year, so smaller companies won’t be hit.

The money raised will be given to businesses who will use it to offer apprenticeships and on-the-job training for over 16s, so it might be easier to get paid to learn a new skill this year.